Rules

Part II- 61. Effect of voting by a secured creditor

Part II

MEETINGS OF CREDITORS AND CONTRIBUTORIES

61. Effect of voting by a secured creditor.-

If a secured creditor votes in respect of his whole debt he shall be deemed to have surrendered his security, unless the Tribunal, on an application by such creditor, is satisfied that the omission to value the security was due to inadvertence.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.